Southwest Airlines had suspended its dividends when the pandemic first started making its way throughout the U.S. in 2020. But now the low-cost airline carrier will start paying 18-cent dividends again on January 31, 2023, after the market closes. Southwest disclosed its intentions through a filing on Wednesday before...
The Labor Department reported on Friday that nonfarm payrolls had increased by 263,000 in November. Dow Jones analysts had estimated 200,000 nonfarm payrolls for the month, so the number was well above what was forecast.  Meanwhile, the unemployment rate remained at 3.7 percent, in line with expectations. For November, average hourly...
CNBC is reporting that Entertainment company AMC Networks sent its employees a memo on Tuesday and told them they were planning major layoffs among its staff. The news comes just as AMC’s board of directors is close to making a decision for a new CEO. AMC CEO, Christina Spade, was...
Wall Street rallied on Wednesday after Federal Reserve Chairman Jerome Powell said that the central bank would likely begin slowing the pace of rate hikes. All three major indexes reversed earlier losses and scored wins on Wednesday. The Dow was up 737.24 points and settled at 34,589.77 for the closing...
Treasury yields were up during volatile trading on Tuesday morning amid anticipation of data, which should start rolling out on Wednesday. The 10-year Treasury yield was up by just a little more than 2 basis points on Tuesday morning, hitting 3.726 percent. The 2-year Yield had fallen by more than...
In an effort to become climate-friendly, pizza restaurant chain Domino’s has ordered 800 of Chevy’s electric vehicles to use for deliveries at its stores across the U.S. The Bolt EVs have lower maintenance expenses on average than most conventional non-electric vehicles and don’t produce tailpipe emissions. Domino’s says that...
According to the search intelligence and data firm, Captify, American consumers now have a new favorite online consumer for Black Friday – Walmart.  Captify tracks 1 billion-plus global web searches a day. In a year-to-year comparison, Walmart saw a 386 percent higher search for Black Friday deals. Amazon had long been...
In an effort to cut costs, HP announced on Tuesday that it plans to lay off up to 6,000 workers over the next three years. Once the announcement was made, HP shares were up by 1 percent during extended trading. HP issued a statement saying that its “Future-Ready Transformation Plan”...
BrightDrop, a division for General Motors’ electric vehicle distributions, announced on Thursday during its annual investor day that it is forecasting $1 billion of revenue for the coming year. It marked BrightDrop’s first revenue disclosure. The General Motors offshoot didn’t release financial data in 2021. Travis Katz, CEO of BrightDrop,...
A report by the business consulting group, WTW, shows that businesses on average are planning to increase employee salaries by 4.6 percent in 2023. Information from the report was derived from a survey that WTW conducted among 1,550 U.S. businesses and organizations from October 3 to November 4.  During the...